As Matrix Partners sent the 'Cyberport Feasibility Report' to the Hong Kong government one after another, the plan became clearer and clearer, and the Hong Kong government finally decided to discuss it seriously.

At the Legislative Council meeting, everyone was more inclined to agree to the establishment of the 'Cyberport', and in their view, the Hong Kong government could get a sum of revenue by selling the land to Lam Cho-fai.

Success, the Hong Kong government has the credit and approved the project!

If it fails, the Hong Kong government will make money, and a large amount of land sales fees can alleviate the current loss of declining official land.

Of course, this matter still has to be communicated with the mainland authorities, but the members of the Hong Kong Legislative Council believe that with the face of Lin Zuhui, there is no problem for the mainland to agree.

Fei Peng took a look at the political secretary she had appointed, she was the first Chinese political secretary in Xiangjiang, and because of this, she followed her own ideas.

Buzheng Sima Shang understood that her boss had already communicated with her, so she said: "This is originally a government project, how can it all be handed over to private developers." In case a private developer is just for the sake of developing real estate, and in the name of technology, he will make a lot of money on this project. Therefore, I suggest that the Hong Kong government also participate in the construction costs, with us contributing the land and private developers paying the construction costs. At the same time, we would like to emphasize that the rental price of residential and office buildings should not exceed half of that of the urban area, so that it is truly beneficial to the development of Hong Kong. ”

The deputies were quickly convinced, because it made perfect sense. In the final analysis, real estate developers are greedy, and even Lin Zuhui is not enough for them to trust.

In everyone's opinion, with Lin Zuhui's shrewdness, it is indeed possible to do real estate under the guise of 'Cyberport'. In the latest plan, the project has a full floor area of 5.85 million square feet, including 3.8 million square feet of residential floor space, 1.5 million square feet of office space, 300,000 square feet of retail space and 250,000 square feet of hotel space.

With such a huge project, even if the land is sold a little higher, Lin Zuhui may still make a lot of money because there is no competition.

As for the so-called 'Cyberport' to develop emerging technology industries, everyone is not sure that Hong Kong can develop, but they think it is a good thing.

A lawmaker said: "It should indeed be the case, if the private developers agree to cooperate, we can control the price of office buildings at half the level, and then we will set up a committee with private developers in cooperation with the Hong Kong government, and only real technology companies can move into Cyberport, so that our Hong Kong government is supporting the emerging technology industry." ”

Everyone felt that it was very reasonable, but they didn't say that they would take out the land for bidding, after all, it was easy to offend Lin Zuhui; This is not the most important thing, the important thing is that this project needs Lin Zuhui to communicate with the mainland authorities, and it also needs a leader like Lin Zuhui to lead such a huge project.

In Hong Kong, there should be no one more suitable for this project than Lin Zuhui, everyone knows that Lin Zuhui himself has invested in Xiaomi technology, game development, software development and other industries, and I heard that he has also set up a venture capital fund in the United States.

It can be said that after leaving Lin Zuhui, everyone has no confidence at all to do this project well!

Fei Peng finally said: "Okay, since this is the case, then we will agree to continue the research, and the Hong Kong government will set up a project team to communicate with the private development." ”

He just wanted to agree to this project, because it was one of his political achievements, and it was sent to the door; That's why he arranged for the Chief Secretary to throw out his thoughts. After all, although he is a Hong Kong D, he also has to consider the opinion of the Legislative Council.

Generally speaking, what the Legislative Council agrees to, Hong Kong Port D will also agree.

.......

With the Hong Kong government's intention to cooperate with Lam Cho-fai's private investment company in the 'Cyberport' project, the Hong Kong media also got the news and began to report it in a big way, which pushed Lam Cho-fai into the mouth of public opinion for a while.

The media has expressed their opinions, but it seems that most of the 'experts' and 'critics' have expressed their disfavorability, believing that Hong Kong is not suitable for the development of high technology.

After the plan was announced, the nine major real estate developers woke up like a dream, and Lin Zuhui had already taken the lead (the Hong Kong government was interested, but the contract was not signed).

Since Lam Cho-fai obtained the development rights of 'Cyberport' by way of free land grant, which was the first time in Hong Kong (not counting subordinate social institutions), it naturally attracted the suspicion of many people, and criticism of the Hong Kong government and Lam Cho-fai's private relationship with Lam followed, and the Hong Kong media also criticized the Hong Kong government vigorously.

Although the Hong Kong government has repeatedly stressed that this is a high-tech project, public opinion believes that since more than 60 percent of the buildings are residential and are for sale, "Cyberport" is just a catchy name for real estate. In this way, Lin Zuhui has obtained a lot of benefits, only need to use a small amount of funds (construction costs can be sold through loans and installments), he can have 3.8 million square feet of residential development rights and a large number of office buildings, the cost is small and the benefits are huge, and the residential property is estimated to earn 5 billion Hong Kong dollars (half the Hong Kong government), no wonder public opinion should be wary. They are also worried that the free land grant will become an excuse for everyone to compete for it in the future.

In the Cyberport schedule, the attitude of the nine major property developers (including Cheung Kong, Henderson, Sun Hung Kai, Swire, Hongkong Land, New World, Hysan, Hang Lung and Great Eagle) did not get a little "oil and water", and the attitude became even more intense. They accused the Hong Kong government of changing the rules of the game of buying land in cash and approving land through private negotiation as favoritism. And the fact that the price per square foot of rented office space is only half of it, which is much lower than the rental price of the office space they launched, hurting their interests and causing a huge impact on them, which has greatly angered several major developers.

........

Lin Zuhui didn't expect such a big resistance, he communicated with the mainland officials very happily, but he didn't expect that the major real estate developers and public opinion in Xiangjiang would make a fuss.

To be honest, his original intention was that the Hong Kong government granted land to sell it to him, and the Hong Kong government intended to participate in the development. Of course, Lin Zuhui is not stupid, it is the Hong Kong government that wants to come in and get a piece of the pie - political achievements and money.

After the Hong Kong government and the mainland expressed their support, they did not expect the real estate developers in Hong Kong to make a fuss again.

In business, Lin Zuhui can understand their thoughts. But it doesn't prevent Lin Zuhui from labeling them 'short-sighted', because Lin Zuhui knows that this project really can't make money.

It seems that there are 3.8 million residential buildings, but after the Asian financial crisis, Heung Kong residential buildings fell by 60~70%, how can they make money?

In terms of office buildings, the rent is only half of that of the city, and it doesn't make much money!

Even if you can cover up the house and sell it when the real estate recovers, the annual interest generated during the period is also very expensive.

Therefore, soon Lin Zuhui conveyed his voice through the media.

First, his initial idea was that the Hong Kong government would sell the land to him and have it developed by his own private investment company, and it was the Hong Kong government that was responsible for the project, so it was willing to give up the high land sales fee and participate in it to contribute to the development of Hong Kong.

Second, this project is not optimistic that it can make a lot of money, if there are developers willing to join, they welcome it; Anyone who intends to invest can invest in the shares, but the project is led by Matrix Capital and the Hong Kong government.

Soon, Lin Zuhui's remarks were reprinted in the media, and it was very lively again for a while.

It can be said that public opinion has once again reversed course and sided with Lin Zuhui's side, because:

The first point is that Lin Zuhui's meaning is very simple, he is not short of money, he can buy land and develop independently, it is the Hong Kong government that believes that this project needs government supervision, so it participates.

The second generation, this project 'does not make a lot of money', everyone is interested in investing, and Lin Zuhui welcomes it.

For a time, the nine major real estate developers also discussed.

.......

New era.

Cheng Kar-chun said to Liang Zhijian: "I know him, he said that if he doesn't make money, he may really not make money!" ”

Liang Zhijian said suspiciously: "There is no reason not to make money, the price of 3.8 million square feet alone is about 18 billion; Even if the construction cost is 8 billion, plus taxes and interest, the cost of 12 billion is enough! The rent of the hotel, office and retail part is also very expensive every year......."

Cheng Kar-chun also thought about it for a while, and said: "Maybe he is not optimistic about the future of Xiangjiang, of course, it is also possible that those rents will be used to develop the technology industry of Cyberport." So, this project really doesn't make a lot of money! ”

Liang Zhijian had to say: "What does the general manager mean, we don't participate? ”

Zheng Jiachun nodded and said, "Forget it, my father also means this." After all, if Lin Zuhui's power is used, even if everyone is not allowed to join, it will not be the same as reaching a cooperation agreement with the Hong Kong government for two days. ”

Liang Zhijian thought about it, it's really like this, everyone is making trouble, but if the Hong Kong government signs a contract with Lin Zuhui, what can everyone do?

"Okay! However, the rent is only half of the urban area (half of Wan Chai), which is really a bit of a blow to the property market! ”

"It can't be said that he, Lin Zuhui, is the largest rent collector in Xiangjiang, and he has the biggest loss. Fortunately, there is only 150 square feet of office space, and the impact will not be great. ”

.......

Similar to the Zheng family, there are still several real estate developers, who suddenly feel that joining this project (regulated, and the current real estate is falling) will not make much money, so they have stopped speaking out to show that they will not participate.

And those who still think that this project can make a lot of money, there are Hysan Land, Cheung Kong, Hongkong Land, Sun Hung Kai, and Great Eagle, and they openly want to participate in it.

Lin Zuhui saw that they were a few companies that were not very 'friendly' to him, so they didn't trust themselves, and immediately decided to pull everyone into the water and make a contribution to Xiangjiang's technology industry.

He also handed over this project to New Era Group to do, after all, it no longer makes sense to hand it over to Jingwei Capital.

Assuming that the project started in 1995, it is obvious that the first phase of off-plan housing can be sold in 1997, but after that, the Xiangjiang house is adjusted from 8,000~10,000 yuan per square foot to about 3,000~4,000 yuan square foot, and the project will no longer have much profit, and it may be small or flat.

Regardless, Lim's goal is to be a 'digital city', where offices attract tech companies, retail space can sell electronics and electronic components, hotels can attract guests, and residences can provide accommodation for tech workers.

As for whether large companies will enter the Digital City, I believe that with Lin Zuhui's connections and his own industry, it is far several times better than what Li Zekai did in his previous life.

New Era Group quickly set up a project, and of course, it also absorbed the project team and information of Jingwei Capital, and soon entered the state. As for those who are willing to join, Lin Zuhui draws 25% of the shares to them, while New Era Group owns 30%, and the remaining 45% is held by the Hong Kong government.

After the completion of Cyberport, of course, it will operate independently in the company's situation, and Lin Zuhui's original intention is to think about the development of Hong Kong.